Paris-based PAI Partners is selling Compagnie Européenne de Prévoyance (CEP) to JC Flowers, Financial News reports. Anacap Financial Partners and European mid-market buyout firm, Bridgepoint, were also interested in acquiring CEP. The deal values the French mortgage insurance services company at about €800 million, adds Reuters. The seller was advised by Rothschild, Nomura and Financiere de Courcelles, while JC Flowers was advised by Credit Suisse.
Click here for the story from Financial News.
Click here for additional coverage from Reuters.